The maritime sector significantly improved its contributions to Dubai’s GDP in 2015, accounting for Dh26.9 billion ($7.32 billion) or seven per cent of the total, according to latest figures.
Shipping had the largest share,

Abu Dhabi National Oil Company (Adnoc) announced today its intention to consolidate the operations of three of its shipping, marine and services companies to create a single world-class entity.
The Abu Dhabi National Tanker Compan

Abu Dhabi National Oil Company (Adnoc) announced today its intention to consolidate the operations of three of its shipping, marine and services companies to create a single world-class entity.
The Abu Dhabi National Tanker Compan

Iranian ports recorded a 13 per cent increase in the amount of goods loaded/unloaded during August compared to the figure for the same month in 2015, said a report.
A total of 23.83 million tonnes of oil and non-oil products were

Libya's UN-backed government in Tripoli is in negotiations with an armed brigade controlling two main oil ports to reopen the terminals and lift a force majeure to restart exports, a member of its ruling council said.

Singapore plans to participate in projects to construct and develop ports in Iran, according to a high-ranking Singaporean official, said a report.
Head of Singapore Port Development Sector Vun Chi Fung, in a meeting with Iran'

Senior officials from Qatar and Bulgaria recently signed a memorandum of understanding (MoU) for bilateral cooperation in the field of ports, said a report.
The MoU was signed at the Bulgarian Ministry of Transport, Information Te

Egypt's Central Bank Governor Tarek Amer said that devaluing the Egyptian pound had attracted foreign investment worth $500 million in treasury bills and that he had pumped $22 billion into the banking system to clear goods piled at ports.

Egypt's Central Bank Governor Tarek Amer said that devaluing the Egyptian pound had attracted foreign investment worth $500 million in treasury bills and that he had pumped $22 billion into the banking system to clear goods piled at ports.

Kuwait's Agility, the largest logistics company in the Gulf, will be interested in bidding for Kuwait's airport and ports if their management is offered for privatisation, the chief executive Tarek Sultan said on Wednesday.